118 Rainbow Rd - Commercial LAND FOR SALE


Salt Spring Island, BC V8K 2V5 17,642 SF
$5,700,000 CAD
604-644-8652
118 Rainbow Rd, Salt Spring Island, BC for Sale
$5,700,000 CAD
Commercial LAND - FOR SALE
1/63
17,642 SF

118 Rainbow Rd
Salt Spring Island, BC V8K 2V5


HIGHLIGHTS

  • Upscale, well positioned hospitality property steps away from Central Ganges Village
  • 7 individual stratified units with 15 bedrooms, high quality finishing and attractive unit amenities
  • Premium location with world class views of Ganges Harbour
  • Streamlined management systems in place allowing for straightforward, hands off operations
  • Close proximity to retail shops, restaurants and noteworthy tourist attractions
  • Strong ADR and RevPAR metrics with noteworthy upside

OVERVIEW

Upscale, well positioned investment opportunity on Salt Spring Island in the beautiful Gulf Islands. The subject property is improved with a 3 storey building comprised of 7 high end units with 15 bedrooms and a myriad of premium amenities. E.g. In-suite washer and dryer, kitchen area, private patios, vaulted ceilings, TV’s, barbeques, wifi, onsite parking with secure gate, private entrances, gas fireplaces and floor to ceiling windows. Exceptional ocean, forest, and island views; only minutes away from retail shops, restaurants, parks and other major tourist attractions in Ganges Village. The penthouse is permitted for full time occupancy, allowing for one to live onsite, while managing the streamlined operation. Salt Spring has a dynamic, alluring hospitality submarket with limited supply and sizeable demand. STR reports are robust (e.g. elevated ADR & RevPAR metrics) with future growth potential and there are no supply side pressures in the near-term. Please inquire for more information.

FOR SALE DETAILS

PRICE

$5,700,000 CAD

PRICE/ACRE

$14,073,915/AC

PRICE/SF

$323 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Mariner's Loft

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Hospitality

LAND ACRES

0.41 AC

LAND SF

17,642 SF

OFFSITE IMPROVEMENTS

-

ZONING

CA1(d)

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Derek NystromMacdonald CommercialMore Info
604-644-8652

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Derek NystromMacdonald CommercialMore Info
604-644-8652

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.